Saipem bags $1.3bn Middle East offshore pipeline contract

Saipem has been awarded a Pipeline Project in the E&C Offshore sector in the Middle East worth approximately 1.3 billion USD.

The contract involves Engineering, Procurement, Construction and Installation (EPCI) activities associated to two 32-inch export pipelines, two 24-inch Corrosion-Resistant Alloy (CRA) intrafield pipelines, risers, spool pieces and subsea structures also entailing a short onshore section and offshore brownfield topsides modifications.

The award includes the novation of substantial CRA Linepipe and Long Lead Items contracts.

About Saipem

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.

Saipem operates in more than 60 countries and is present in almost every Oil & Gas market around the world. The Company has a decentralised organisation in order to better respond to local needs and sustainability challenges. Wherever it works, Saipem plays an active role in the local community, contributing to promote the socio-economic development of the areas where it operates.

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Source: www.saipem.com